Tianjin Zinc: Zinc prices too high, market sees almost no transactions [SMM Midday Commentary]
[Tianjin Zinc: Zinc Prices Too High, Market Sees Almost No Transactions] In the Tianjin market, mainstream transactions of #0 zinc ingot were concluded at 27,210-27,530 yuan/mt, with Zijin transactions at 27,480-27,630 yuan/mt. #1 zinc ingot transactions were concluded at around 27,230-27,390 yuan/mt. Zijin was quoted at a premium of 130 yuan/mt against the 2610 contract, while Huxin was quoted at 28,675 yuan/mt. #0 zinc ingot was quoted at a discount of 0-150 yuan/mt against the 2610 contract. The Tianjin market was quoted at a discount of around 45 yuan/mt against the Shanghai market.